Ross Ulbricht’s unclaimed Bitcoin fortune, which is valued at $44 million, has emerged from dormancy. The discovery of the Silk Road founder’s digital assets comes right after his presidential pardon. Coinbase director Conor Grogan tracked down roughly 430 Bitcoin in multiple wallets linked to Ulbricht that remained frozen during his time behind bars.
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Unclaimed Bitcoin and the Mystery of Ross Ulbricht’s Access Rights
The Discovery of Dormant Wallets
I found ~430 BTC across dozens of wallets associated with Ross Ulbricht that were not confiscated by the USGovt and have been untouched for 13+ years
Back then these were probably dust wallets, now, collectively, they are worth about $47M.
Welcome back Ross pic.twitter.com/KmCp4xcrI7— Conor (@jconorgrogan) January 22, 2025
Nearly a dozen investigations unveiled quite a few Ross Ulbricht Bitcoin wallets that somehow slipped past government radar. His exact words on X were: “I found ~430 BTC across dozens of wallets associated with Ross Ulbricht that were not confiscated by the USGovt and have been untouched for 13+ years.” Roughly half of these wallets have skyrocketed in value as Bitcoin pushed past $103,000.
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Access Questions and Market Impact
At least several major questions circle around the Silk Road Bitcoin discovery and wallet access. “We will know soon enough,” Grogan stated about potential coin movements. Quite a few crypto experts pushed back against revealing certain wallet details. Yet Grogan pointed out some bits of this information popped up in various trial documents. Countless market watchers now track these wallets like hawks.
Legal Changes and Asset Control
President Trump’s “full and unconditional” pardon reshapes Ross Ulbricht’s status. Roughly a dozen questions hover around his Bitcoin access rights. Approximately half of the unclaimed Bitcoin now touches $44.48 million. As Grogan noted: “Back then these were probably dust wallets, now, collectively, they are worth about $47M.”
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Current Status and Future Outlook
The Ross Ulbricht Bitcoin wallet discovery sparks quite a few debates about digital assets. Around dozens of experts monitor the wallets while Bitcoin hovers at $103,150.67 per Benzinga Pro data. Nearly all legal experts hint this case might reshape how authorities handle particular crypto assets.